PMA Graphene Technology Group Nasdaq development entered a new stage in September 2026. On September 10, 2026, PMA Graphene Technology Group Inc., formerly known as Ming Shing Group Holdings Limited, completed an important step in its corporate identity transition when its new corporate name became effective on the Nasdaq Stock Market.
According to a Form 6-K filed with the U.S. Securities and Exchange Commission , the company’s Class A ordinary shares began trading on Nasdaq under the new corporate name PMA Graphene Technology Group Inc. at the opening of trading on September 10, 2026.
The company continues to trade under the Nasdaq ticker symbol “PMA.”
The new corporate identity creates a clearer connection between the company’s public-market presence and its long-term focus on graphene thermal management, graphene heating technology and advanced thermal solutions.
The corporate name change was approved by shareholders through a special resolution on August 25, 2026. On August 26, 2026, the Registrar of Companies of the Cayman Islands issued the Certificate of Incorporation on Change of Name.
The September SEC filing also states that existing shareholders are not required to take any action as a result of the name change and that the company’s CUSIP number remains unchanged.
From MSW to PMA: Key Milestones in 2026
The transition to the PMA corporate identity was completed through several important steps between May and September 2026.
May–June 2026: Leadership Transition
On May 27, 2026, Zhijun Pan was appointed Chairman of the Board and Director of the company. The appointment was disclosed through a Form 6-K filed with the U.S. Securities and Exchange Commission .
At that time, Han Yan was appointed Chief Executive Officer.
Following Han Yan’s resignation, Zhijun Pan was subsequently re-designated as Chief Executive Officer, effective June 4, 2026, according to a subsequent SEC Form 6-K .
During this period, the company continued to advance its corporate and technology development strategy.
On May 29, 2026, the company held the “PMA Nasdaq Listing Initiation and New Tech Launch Event” at Fairmont Singapore, Raffles City.
According to company information, more than 130 guests attended the event, including entrepreneurs, representatives from listed companies, business partners and members of the international business community.
The event presented the company’s development direction in graphene thermal management and introduced technology developments including graphene thermal interface materials and intelligent automotive heating systems.
July 9, 2026: Nasdaq Ticker Changes from MSW to PMA
On July 2, 2026, the company announced through a Form 6-K filed with the U.S. Securities and Exchange Commission that its Nasdaq ticker symbol would change from “MSW” to “PMA.”
The change became effective at the opening of trading on July 9, 2026.
No action was required from existing shareholders, and the company stated that its CUSIP number remained unchanged.
The ticker change represented an important step in aligning the company’s Nasdaq identity with the PMA brand.
August 25–26, 2026: Shareholders Approve the Corporate Name Change
On August 25, 2026, shareholders approved the change of the company’s English name from Ming Shing Group Holdings Limited to PMA Graphene Technology Group Inc.
Shareholders also approved the Fourth Amended and Restated Memorandum and Articles of Association.
On August 26, the Cayman Islands Registrar of Companies issued the Certificate of Incorporation on Change of Name.
These actions completed the principal corporate procedures required before the new name became effective for Nasdaq trading.
September 10, 2026: PMA Graphene Technology Group Inc. Becomes Effective on Nasdaq
On September 10, 2026, the corporate name PMA Graphene Technology Group Inc. became effective on the Nasdaq Stock Market.
The company’s Class A ordinary shares now trade using the corporate name PMA Graphene Technology Group Inc. and ticker symbol “PMA.”
For customers, partners and international markets, the new name provides a clearer connection between the company’s public identity and its strategic direction in graphene technology and thermal management.
Building an International Graphene Technology Business
PMA focuses on graphene thermal management and develops technologies covering graphene heating films, flexible heating systems, thermal interface materials and temperature-control solutions.
The company is building an international operating structure that combines technology development, manufacturing capabilities and overseas market expansion.
China remains an important base for research, product development and manufacturing, while Singapore supports international market development, overseas cooperation, patent licensing and connections with global industry and capital resources.
This structure is intended to support the expansion of PMA’s graphene technologies into a wider range of international applications and industries.
Graphene Thermal Management as a Core Technology Direction
PMA’s technology development is centered on graphene thermal management.
Graphene has attracted substantial academic interest for thermal-management applications because of its thermal properties and its potential use in thin, lightweight and high-performance material systems.
A peer-reviewed review published in Nano Materials Science, “Graphene Film for Thermal Management: A Review” , examines the development of graphene films for thermal management, including their use in heat spreading and heat dissipation.
The research discusses factors including graphene-film preparation, film structure, defects, thermal conductivity, mechanical properties and thermal-management applications.
PMA’s technology direction covers several major application areas.
AI and Computing Thermal Management
As computing performance and device integration continue to increase, heat dissipation has become an important challenge for advanced electronic systems.
Graphene-based films have been widely studied for thermal-management applications because they can help spread heat from localized hotspots across a larger area.
PMA is developing graphene-based thermal-management solutions for applications including high-performance computing infrastructure, AI servers, electronic systems and other environments that require efficient temperature control.
The company’s direction in this field extends beyond heating applications and into broader thermal-management materials and systems.
Automotive Thermal Management
Automotive temperature control is another important application area for graphene-based technologies.
PMA’s graphene heating and temperature-control solutions are designed for applications including new energy vehicles, intelligent vehicle cabins and specialized vehicles.
Potential functions include localized heating, comfort temperature management and other thermal-control requirements.
According to company materials, related technologies have been applied in intelligent vehicle cabin programs and other vehicle-related applications.
Medical and Healthcare Applications
Flexible heating technology can also be integrated into products used for thermal comfort, rehabilitation, nursing care and healthcare-related applications.
Thin and flexible heating structures allow heating elements to conform to different product shapes while providing controlled heat output.
PMA develops graphene heating solutions for a range of flexible heating and thermal-management products.
Applications may include personal thermal care, rehabilitation products and other temperature-control systems, depending on product specifications and regulatory requirements.
Consumer and Flexible Heating Products
Flexible graphene heating is an important part of PMA’s product and manufacturing capabilities.
Applications include wearable heating, smart home heating and other products that require lightweight, thin and flexible heat sources.
These products can integrate graphene heating films with fabrics, flexible structures, controllers and power systems according to specific application requirements.
PMA also provides OEM and ODM manufacturing support for customers developing graphene heating products and thermal-management solutions.
Graphene Heating Films and Flexible Heating Technology
Graphene heating films remain an important part of PMA’s technology foundation.
Independent academic research has demonstrated that graphene films can be engineered into thin and flexible electrical heaters.
A study published in Nano Letters, “High-Performance Graphene-Based Transparent Flexible Heaters” , examined flexible transparent heaters produced using large-scale graphene films.
The researchers evaluated electrical heating performance, temperature distribution and mechanical flexibility, illustrating the potential of graphene films for flexible heater applications.
For industrial product development, the exact structure of a graphene heating element depends on factors such as substrate materials, encapsulation, voltage, power requirements, temperature targets, control systems and intended application.
PMA develops graphene heating films and related flexible heating solutions for different product-development and manufacturing requirements.
Research, Manufacturing and Industrial Development
PMA has developed capabilities covering graphene materials, flexible heating films, thermal-management technologies, product development and manufacturing.
According to company information, the business has accumulated a substantial intellectual-property portfolio, including patents related to graphene materials, heating technology and product applications.
PMA’s operating companies also participate in graphene-related industrial-development projects in China.
Government-published information from the Tai’an High-Tech Industrial Development Zone identifies Anhui Yuhang Paimeng Health Technology Co., Ltd. as a national-level specialized and innovative “Little Giant” enterprise and a national high-tech enterprise.
The same government source describes the company as having capabilities covering graphene heating-film research and development, prototyping, testing and large-scale production.
Government information also describes the company’s graphene thermal-management industrialization activities and applications in areas including new energy vehicles, healthcare and textile products.
From Graphene Heating to Broader Thermal Management
Graphene heating technology remains an important part of PMA’s business, but the company’s technology direction extends into a broader range of thermal-management applications.
These areas include:
- Graphene flexible heating films
- Graphene thermal interface materials
- Flexible heating systems
- Automotive heating and temperature-control systems
- AI and computing thermal management
- Healthcare-related heating applications
- Wearable personal heating
- Smart home heating
- Industrial thermal-management solutions
- OEM and ODM graphene heating product development
This broader approach allows graphene materials and related technologies to be adapted to different industries instead of being limited to a single product category.
Independent Research on Graphene Thermal Management
The development of graphene thermal-management technologies is supported by a substantial body of independent academic research.
The peer-reviewed Nano Materials Science review on graphene films for thermal management discusses graphene films as materials for heat spreading and heat dissipation.
The review examines the preparation of graphene films, thermal conductivity, mechanical properties, structural factors and typical applications in thermal management.
Independent research of this kind helps explain why graphene continues to attract attention for advanced thermal-management systems in electronics, energy systems and other engineering applications.
Independent Research on Graphene Flexible Heaters
Graphene has also been investigated extensively as a material for flexible electrical heating.
The Nano Letters study on high-performance graphene-based transparent flexible heaters demonstrated flexible heater structures produced using large-scale graphene films.
The researchers evaluated electrical resistance, temperature response, heat distribution and mechanical strain.
The study discussed potential uses including automotive defogging and de-icing systems and heatable smart windows.
These findings provide independent academic evidence that graphene films can be engineered into flexible electrical heating structures.
Commercial product performance, however, depends on the specific heating-film structure, materials, electrical design, encapsulation and control system used in each product.
Industrial Development and Graphene Manufacturing
PMA’s graphene technology activities are also connected with broader regional industrial-development initiatives.
Public information from the Tai’an High-Tech Industrial Development Zone describes the company’s graphene thermal-management research and industrialization activities.
In September 2024, the Tai’an High-Tech Industrial Development Zone reported the commissioning of the Yuhang Paimeng graphene thermal-management application research and industrialization project.
The government report described applications in areas including new energy vehicles, medical and healthcare products, home products and apparel.
You can review the government-published project information through the Tai’an High-Tech Industrial Development Zone .
These regional developments reflect the continuing expansion of graphene research, manufacturing and industrial application.
Singapore as a Hub for International Development
Singapore plays an important role in PMA’s international development strategy.
According to company information, Singapore supports overseas market development, international business cooperation, patent licensing and connections with global industry and capital resources.
The company’s May 2026 event at Fairmont Singapore provided an international platform for presenting its graphene technology strategy and introducing new technology developments.
Together with research and manufacturing activities in China and access to the Nasdaq capital market, this structure is intended to support further international expansion.
Statement from Chairman and Chief Executive Officer Zhijun Pan
“This name change represents an important step in the company’s development. The new corporate name is aligned with our strategic focus on graphene thermal management and more clearly communicates our direction in the global market. We will continue to advance technology research and development and commercial applications, strengthen our position in the graphene thermal management sector, and create long-term value for our shareholders.”
Moving Forward Under Nasdaq Ticker PMA
With the corporate name change now effective on Nasdaq, PMA Graphene Technology Group Inc. continues its international development under ticker symbol “PMA.”
The company’s technology direction covers graphene thermal management, graphene heating films, flexible heating technologies, advanced thermal materials and integrated thermal solutions.
For PMA, the new corporate identity represents more than a change of name.
It creates a clearer connection between the company’s public-market identity and its long-term technology direction while helping customers, partners and international markets better understand PMA’s focus on graphene technology and thermal management.
Sources and Further Reading
- U.S. Securities and Exchange Commission — Form 6-K, September 2026: Corporate Name Change
- U.S. Securities and Exchange Commission — Form 6-K, July 2026: Nasdaq Ticker Change from MSW to PMA
- U.S. Securities and Exchange Commission — Form 6-K, May 2026: Board and Leadership Changes
- U.S. Securities and Exchange Commission — Form 6-K, June 2026: Chief Executive Officer Re-designation
- Nano Materials Science — Graphene Film for Thermal Management: A Review
- Nano Letters — High-Performance Graphene-Based Transparent Flexible Heaters
- Tai’an High-Tech Industrial Development Zone — Anhui Yuhang Paimeng Graphene Technology and Manufacturing Information
- Tai’an High-Tech Industrial Development Zone — Graphene Thermal Management Industrialization Project